Matrix chalks up RM898mil property sales in the first half

Scomi Group Bhd surprised investors when it proposed to revise its current issued share capital reduction from RM224.96mil to RM3mil from the earlier RM40mil.

PETALING JAYA: Matrix Concepts Holdings Bhd scaled a new peak in property sales to a record RM898.6mil in the first half ended Sept 30, 2018 (1H19), surging 39.4% year-on-year (y-o-y) on resilient demand for landed and affordable-premium property segment despite prevailing market conditions.

In a press release, the Negri Sembilan-based property developer said the robust sales performance, which included RM92.4mil from M. Carnegie, saw the group surpass its 1H19 sales target by 50%.